Time to pass out the WIN buttons

“The most important help that people can give us (in fighting inflation) is that they defend their income. We can’t get used to buying everything at any price,” Jaua told reporters . “If we all start haggling over prices, speculators are going to start feeling pressured,” Jaua said....

The country’s annual inflation rate climbed to 32.2% in June....The Venezuelan government commonly blames speculators for the price increases.

About Me

I am the Robert M. Beren Professor of Economics at Harvard University, where I teach introductory economics (ec 10). I use this blog to keep in touch with my current and former students. Teachers and students at other schools, as well as others interested in economic issues, are welcome to use this resource.